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Budget 2024: When will Union Budget be presented? Here are date, time and other details
The Union Budget 2024 will be presented on 23rd July, with the session running from 22nd July to 12th August. Expected highlights include increased tax deductions for salaried individuals, enhanced tax benefits for home loan borrowers, subsidies for women, and a focus on infrastructure, defence, and renewable energy. The government also aims to decriminalise over 100 legal provisions to support businesses.
From black and white to color: Maharashtra prisoners to now get color TV sets and washing machines
Maharashtra's prisons are undergoing substantial upgrades aimed at improving living conditions for inmates. This initiative includes replacing non-functional black and white TVs with modern color television sets connected to dish cables, providing inmates access to free-to-air channels for approximately six to seven hours daily. This upgrade is intended to keep inmates occupied and mentally balanced. Additionally, industrial-grade washing machines are being installed to enhance hygiene standards by automating the clothes washing process, reducing manual labor and improving cleanliness. These efforts reflect a proactive approach by prison authorities to enhance inmate welfare and rehabilitation outcomes.
India's goal to become high-income country by 2047 unlikely to be achieved: Financial Times expert
At the CUTS event, Martin Wolf indicated PM Modi's goal of India becoming a high-income economy by 2047 is unlikely, but it can achieve upper middle-income status. Amid a fragile world, India, a developing nation, could become a superpower by leveraging global opportunities, enhancing HDI, attracting foreign direct investment, and positioning as a 'China plus one' alternative, he said.
6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more
Budget 2024 expectations: The upcoming budget is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers expect revisions in areas like standard deduction, tax slabs, and HRA limits to ease their burden and encourage spending. Here are some of the key changes that salaried taxpayers want from Finance Minister Nirmala Sitharaman in Budget 2024.
Proxy debt plays may slow as JPM index inclusion progresses
Analysts predict the Centre will maintain or reduce the fiscal deficit target to 5% of GDP in the upcoming budget, as foreign investment in Indian government bonds surges post JP Morgan index inclusion.
RBI tells banks to find ways to bridge the gap between credit and deposit growth
The meeting addressed various banking challenges including credit-deposit ratio, cybersecurity, and digital frauds. Governor Das emphasized the need for robust cybersecurity controls and customer awareness initiatives to curb digital frauds.
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Rupee to trade in narrowest range in about 30 years on RBI's actions: Reuters poll
The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its tight grip on the currency's movements, according to a Reuters poll.
Government working on aggregation of CA firms, accounting standards for insurance sector
Government and ICAI collaborate to boost global accounting firm presence. Efforts include setting standards for insurance sector and LLPs, and reducing the time for voluntary company closure. ICAI President plans for CA firm aggregation in the near future.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
Reddit to update web standard to block automated website scraping
AI startups face scrutiny for bypassing Reddit's updated scraping rules. Plagiarism accusations against firms like Perplexity highlight the need for stricter data usage regulations. Reddit's cooperation with TollBit and the Internet Archive ensures non-commercial access while maintaining transparency. The involvement of Alan Barona underscores the importance of ethical content sourcing in AI development.
Bond Street to see $2-3 billion foreign inflows a month after inclusion in JP Morgan Index
"We have a different profile spread across clients. There are real money clients who may be investing in India off-benchmark. Then there will be the passive index trackers who will be the regular ones coming each month and we may see some large allocations come in intermittently. So, around $2-3 billion per month is what we expect," Parul Mittal Sinha, head - financial markets, India & co-head, macro trading, ASA, Standard Chartered Bank, told ET.
View: India's pharma giants set sights on superior quality standards
India, known as the 'pharmacy of the world,' ranks third in global drug production and supplies vaccines to over 200 countries. With a target to reach $120-130 billion by 2030, maintaining high quality is crucial. Focus areas include robust investigations, skilled workforce development, and embedding quality in product development. India faces increased scrutiny from global regulators, necessitating adherence to stringent quality standards. Recent moves by CDSCO aim to streamline drug export licensing. Upholding quality is key for India's pharmaceutical industry to remain a reliable global supplier.
Global standards with FTAs
India recently concluded a trade and economic partnership agreement with the European Free Trade Association (EFTA) comprising Iceland, Liechtenstein, Norway, and Switzerland. The agreement includes innovative features like linking potential investment with tariff liberalisation.
Suzlon shares dip 5% as independent director resigns
Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.
DGCA de-rosters Mumbai ATC officer after near-miss incident
In the early hours of Saturday, IndiGo flight 5053, arriving from Devi Ahilyabai Holkar Airport (IDR), landed on runway 27 while Air India flight 657 was still in the process of taking off for Thiruvananthapuram International Airport (TRV). Both flights involved Airbus A320neo aircraft. The close timing of the landing and takeoff created a hazardous situation that could have resulted in a significant accident.
Even by Congress' constantly falling standards, its Arunachal situation this time is quite something
That the Congress has become electorally insignificant is now a given in many parts of India. But the party's fate in Arunachal Pradesh in the just-concluded assembly election is something else altogether. In a terrain it once dominated, the party failed to find candidates for as many as 41 seats out of a total of 60.
Govt finally takes note of woes of companies that need but can't get Chinese hands on time
Many Indian companies need Chinese expertise for execution of certain phases of projects. But visa issues don't allow these entities to avail the services of these workers when they need it. The Indian govt is seized of the problem and is now planning a fix.
Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
Internet-based trading: Sebi reduces approval time to 7 days for brokers
Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business.
A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile banking
Fraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure wherein the bank will call you for transaction confirmation if it feels that these transactions are fraudulent. However if you give the confirmation, the transaction will go through. Know here how it works.
Baggage arrival time improves at six airports
The Ministry of Civil Aviation on Tuesday said when the exercise was started on January 14, only 62.2% of the passengers were getting their baggage within IATA-prescribed timelines.
Asian stocks ease on uncertainty over timing of U.S. rate cuts
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14% after touching a two-year high on Thursday. The index was still set for an increase of 2.6% this week for its fourth straight week of gains.
Despite $125 billion debt, why is Pakistan increasing its defence budget to 18000 crore rupees
Pakistan faces economic strain with a $124.5 billion foreign debt, 42% of its GDP. It boosts military capabilities through major arms imports, mainly from China, accounting for 82% from 2019 to 2023. Despite economic woes, it increases defense spending by 15.4% in the national budget, totaling 18000 crore Pak rupees. This military expansion includes submarines from China. Reports suggest Pakistan may have secretly supplied arms to Ukraine, contradicting its neutrality stance. Public discontent grows due to economic hardships and perceived military dominance in resource allocation.
Best Biometric Attendance Machines under 5000 in India (2024)
Are you looking for a biometric machine? If so, then continue reading this article where we have curated a list of the best biometric attendance machines under 5000 in India. All of these machines are available on Amazon and you can place your order using the buying links shared in the article below.
What's gone horribly wrong with the US college admission system
Applicants have more anxiety than ever. Elite schools have more power than ever. Something had to give.
Daylight saving time 2024 in USA: List of states, US territories that don't follow the practice
Daylight saving time 2024 in USA is in full swing and a few states as well as territories in the US won't follow the rules.
States seek more time for standard rates at hospitals
States, UTs, private hospitals seek more time for consultations on standard rates post Supreme Court directive. Court to hear plea by doctors, hospitals on government's rate prescription. Concerns raised on revenue impact. The order has led to widespread panic among private hospitals and investors, since standardisation of rates could substantially affect the revenue and commercial viability of hospital operations. Subsequently, healthcare providers wrote to the health ministry and the court, raising their concerns.
Explained: Earth has its own time then why is US working on a lunar standard time
Unlike Earth, where time progresses uniformly, lunar environment has unique challenges. So to develop a standard time, it may be required to install atomic clocks on Moon
Surya Grahan Sutak Time: When and where to watch NASA's total solar eclipse live stream on YouTube
An upcoming total solar eclipse on April 8, 2024, will darken the skies over North America, offering a rare spectacle for skywatchers. The event, known as totality, will be visible from a 185-kilometer stretch spanning Mexico, the US, and Canada, but not from India. Observers are advised to wear protective eyewear and follow safety guidelines to view the eclipse safely.
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